How To Set $2,455 on Fire

Steve Pikelny describes burning $2,455 in US bills as an art project, in which each participant receives bUSD, an ERC20 token, at a one-to-one rate with the denomination of their burned bill. The article says the burning took about five and a half hours across 41 bills. It also explains that burning currency is a misdemeanor under 18 U.S.C. § 333, and that tax treatment led Pikelny to accept only physical cash, with participants signing a Burn Agreement that establishes them as the bills' owners.